Thursday, July 29, 2021

(XAUUSD )GOLD -Technical Outcome

(XAUUSD )GOLD -Likely Scenario

GOLD is likely to test our targeted area (box) after a very strong bullish momentum shown yesterday. After the US Fed interest rate decision on Wednesday whereby the interest rate remained at 0% thus affecting the dollar.

The diagram below clearly explains the likely scenario and future expectations on the XAUUSD

GOLD (XAUUSD) LIKELY OUTCOME

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